Nvidia’s Q4 Earnings Will Suck, But it’s Not Crypto Winter’s Fault | 코인긱스

Nvidia’s Q4 Earnings Will Suck, But it’s Not Crypto Winter’s Fault

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Nvidia investors got a nasty surprise this morning when the chipmaker announced its Q4 fiscal 2019 earnings could come in $500 million short of original estimates. While Nvidia has repeatedly blamed its financial woes on a decline in cryptocurrency mining-related demand in the past, it’s acknowledging that it’s baby — the gaming industry — remains a significant problem. The chipmaker dropped its guidance to $2.2 billion from $2.7 billion, and the news sent its share price into a tailspin. Nvidia’s Bread-and-Butter Customer-base is Cooling Nvidia blames weaker-than-forecasted sales of its gaming and data center platforms for the guidance cut. Deteriorating

The post Nvidia’s Q4 Earnings Will Suck, But it’s Not Crypto Winter’s Fault appeared first on CCN

source : informer.com

Nvidia’s Q4 Earnings Will Suck, But it’s Not Crypto Winter’s Fault

 

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